Nonprofit · EIN 47-1309747
PACE ACADEMY FOUNDATION
Tax-exempt · CYPRESS, CA 90630
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $773,300 | $1,080,603 | -$307,303 | $307,509 | $500,000 | -$192,491 |
| December 31, 2023 | 990 | $608,501 | $844,475 | -$235,974 | $678,322 | $500,000 | $178,322 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $773,210
- Program service revenue
- $0
- Investment income
- $90
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $724,898
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $1,041,677
- Management and general (functional)
- $38,926
Balance sheet and other
- Total assets, start of year
- $678,322
- Total assets, end of year
- $307,509
- Total liabilities, end of year
- $500,000
- Net assets, end of year
- -$192,491
- Gross unrelated business income
- $90
- Gross receipts
- $773,300
- Employees
- 0
- Year formed
- 2013
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SUNG HEE YOO | PRESIDENT Trustee or director, Officer | 40 | $0 |
| HEE Y PARK | CFO Trustee or director, Officer | 10 | $0 |
| MI HEE HAN | SECRETARY Trustee or director, Officer | 10 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SUNG HEE YOO | PRESIDENT Trustee or director, Officer | 40 | $0 |
| HEE Y PARK | CFO Trustee or director, Officer | 10 | $0 |
| MI HEE HAN | SECRETARY Trustee or director, Officer | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 5241 LINCOLN AVE STE C7, CYPRESS, CA 90630-2964
- In care of
- % HEE Y PARK
- Principal officer (990 for 2024)
- SUNG HEE YOO, 5241 LINCOLN AVE STE C2, CYPRESS, CA 90630
- Signed the 990
- SUNG HEE YOO, PRESIDENT
- Phone
- (714) 220-9900
- Website
- www.pace-foundation.com
- Return prepared by
- UNITED TAX AND ACCOUNTING
California records
California keeps its own records of charities and corporations. Search them by EIN 47-1309747 or by the name PACE ACADEMY FOUNDATION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
Pace Academy Foundation provides opportunities for high-quality, Christian education to the most disadvantaged, Christian students. It also provides scholarships to Christian students so that they may continue to pursue education.
Program accomplishments
- Pace Academy Foundation provides opportunities for high-quality, Christian education to the most disadvantaged, Christian students. It also provides scholarships to Christian students so that they may continue to pursue education.Expenses $724,898 · revenue $773,210
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 47-1309747
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Youth development (O50)
- Assets (IRS master file)
- $307,509
- Income (IRS master file)
- $773,300
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $773,300 | $1,080,603 | $307,509 | XML |
| 990 | December 2023 | $608,501 | $844,475 | $678,322 | XML |
| 990 | December 2022 | $821,243 | $994,978 | $1,115,526 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
| 990-EZ | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 47-1309747).
Questions about PACE ACADEMY FOUNDATION
- What is the EIN of PACE ACADEMY FOUNDATION?
- The employer identification number (EIN) of PACE ACADEMY FOUNDATION is 47-1309747.
- Is PACE ACADEMY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to PACE ACADEMY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PACE ACADEMY FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PACE ACADEMY FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PACE ACADEMY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PACE ACADEMY FOUNDATION?
- The 990 for the year ended December 31, 2024 names SUNG HEE YOO.
- Who are the officers and directors of PACE ACADEMY FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does PACE ACADEMY FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $773,300, expenses of $1,080,603 and total assets of $307,509 at year end.
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